Bermuda’s Ministry of Finance, through the National Anti-Money Laundering Committee (NAMLC), has published the 2024 National Risk Assessment (NRA) on money laundering and terrorist financing (ML/TF). The findings are intended to inform national anti-money laundering and anti-terrorist financing (AML/ATF) policy and action plans and to support private-sector risk management. The 2024 NRA is Bermuda’s fourth such assessment and applies a risk-based approach that considers risks arising from new financial products, business practices, delivery mechanisms, and evolving technologies. NAMLC led the work with input from competent authorities including financial regulators, market supervisors, legislative bodies, and prosecutorial services, supported by private-sector stakeholders.
Ministry of Finance (Bermuda) 2025-11-26
Bermuda Ministry of Finance publishes 2024 national risk assessment on money laundering and terrorist financing
Bermuda’s Ministry of Finance, through the National Anti-Money Laundering Committee, released the 2024 National Risk Assessment on money laundering and terrorist financing. This fourth assessment uses a risk-based approach to address risks from new financial products, business practices, and technologies, informing national AML/ATF policies and private-sector risk management. The assessment involved input from financial regulators, market supervisors, legislative bodies, and private-sector stakeholders.